On December 18, 2024, the U.S. Court of International Trade issued a decision that resulted in changes to the countervailing duty (CVD) rates for Risen Energy Co., Ltd., a producer from China involved in exporting crystalline silicon photovoltaic cells to the U.S. This decision overruled a previous finding by the U.S. Department of Commerce regarding subsidies provided to Risen Energy, specifically removing a 5.46% rate related to the Export Buyer's Credit Program. The Department of Commerce is amending the final results of its administrative review to reflect this decision and will adjust cash deposit instructions to U.S. Customs and Border Protection accordingly.
Simple Explanation
The U.S. Court decided that a Chinese company, Risen Energy, should pay less in extra fees than first thought because they didn't use a special credit program. Now, the U.S. is changing how much money Risen Energy has to give when sending solar cells to the U.S.